EU ready to provide €20 bln to Ukraine

Monday, February 24, 2014

EU ready to provide €20 bln in financial aid to Ukraine after the formation of new government.

KIEV, Ukraine - The EU is ready to provide a €20 billion financial aid package to Ukraine after the new cabinet was formed in the country, said European Parliament Foreign Relations Commission Chairman Elmar Brok on Monday.

The EU said on Sunday that it had been ready to offer "substantial" financial aid to the new government recover from months of political crisis.

Brok told journalists in Kiev that the EU is ready to provide financial assistance to Ukraine, and for the association agreement which was rejected by recently impeached President Viktor Yanukovych in November.

Brok also stated that he came into contact with Germany`s Foreign Minister Frank Walter Steinmeier and agreed on supporting the new cabinet in Ukraine.